Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $658,067. The total percentage of candidates applying to CollegeAmerica-Colorado Springs who receive the Federal Grant is 100%. On the other hand, 100% of the candidates get the Student Grant, 57% receive the Institution Grant, and 100% get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $5,114. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CCS, an estimated number of 71% of the applicants choose to go for student loans.